Clean Energy Fuels (NASDAQ:CLNE) Trading Up 3.4%

Clean Energy Fuels Corp. (NASDAQ:CLNE) shares rose 3.4% during mid-day trading on Friday . The stock traded as high as $2.48 and last traded at $2.46. Approximately 221,104 shares traded hands during trading, a decline of 86% from the average daily volume of 1,628,261 shares. The stock had previously closed at $2.38.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank cut their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a report on Thursday. StockNews.com raised Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th. Raymond James lowered their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.40.

Clean Energy Fuels Trading Up 2.5 %

The company has a current ratio of 2.87, a quick ratio of 2.59 and a debt-to-equity ratio of 0.36. The stock has a market cap of $544.75 million, a price-to-earnings ratio of -5.55 and a beta of 2.06. The company has a fifty day simple moving average of $2.74 and a 200-day simple moving average of $3.28.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The firm had revenue of $106.86 million for the quarter, compared to analyst estimates of $106.50 million. On average, research analysts forecast that Clean Energy Fuels Corp. will post -0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clean Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC raised its stake in shares of Clean Energy Fuels by 2.3% in the fourth quarter. MetLife Investment Management LLC now owns 85,798 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 1,919 shares in the last quarter. White Pine Capital LLC raised its stake in shares of Clean Energy Fuels by 0.5% in the 4th quarter. White Pine Capital LLC now owns 394,295 shares of the utilities provider’s stock valued at $2,050,000 after buying an additional 2,060 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Clean Energy Fuels by 4.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 58,077 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 2,274 shares during the period. American International Group Inc. boosted its position in shares of Clean Energy Fuels by 3.0% during the 2nd quarter. American International Group Inc. now owns 79,351 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 2,325 shares in the last quarter. Finally, Mariner LLC increased its stake in Clean Energy Fuels by 27.9% in the third quarter. Mariner LLC now owns 14,680 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 3,205 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.